That:
1) the broad principles of the Property Portfolio Investment Strategy as set out in Part 2 of the report be endorsed;
2) delegated authority be given to the Director of Corporate Services, in consultation with the Leader, Executive Member for Finance and the Executive Member for Business, Economic Development and Regeneration, for purchases totalling up to £100m;
3) Council be recommended to agree that up to £100m borrowing powers are delegated to the Director of Corporate Services, in consultation with the Leader, Executive Member for Finance and the Executive Member for Business, Economic Development and Regeneration;
4) it be noted that the cost of borrowing will be funded by the investment income from the commercial assets;
5) it be noted that developments on Council owned land will be brought back individually to Executive on a case by case basis.